Landsea Homes Corporation (NASDAQ:LSEA) price on Thursday, May 22, fall -0.09% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.21.
A look at the stock’s price movement, the close in the last trading session was $11.22. The PE ratio in trailing twelve months stood at 41.92. Turning to its 52-week performance, $14.04 and $5.41 were the 52-week high and 52-week low respectively. Overall, LSEA moved 85.60% over the past month.
Landsea Homes Corporation’s market cap currently stands at around $408.16 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 342.97M for the company’s revenue for the quarter, with a low and high estimate of 278.9M and 427.9M respectively. The average forecast suggests down to a -17.99% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.46B, representing a -2.09% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LSEA is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend LSEA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LSEA’s current price about 36.83% and 57.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 84.82, while 7-day volatility ratio is 0.09% and 10.84% in the 30-day chart. Further, Landsea Homes Corporation (LSEA) has a beta value of 1.85, and an average true range (ATR) of 0.45. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $7 and high of $15. Looking at the price targets, the low is 37.56% off current price level while to achieve the yearly target high, price needs to move -33.81%. Nonetheless, investors will most likely welcome a 1.87% jump to $11 which is the analysts’ median price.
If we refocus on Landsea Homes Corporation (NASDAQ:LSEA), historical trading data shows that trading volumes averaged 964.01K over the past 3 months. The company’s latest data on shares outstanding shows there are 36.40 million shares.
The 38.68% of Landsea Homes Corporation’s shares are in the hands of company insiders while institutional holders own 59.82% of the company’s shares. Current price change has pushed the stock 32.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LSEA stock continues to rise going into the next quarter.
